High Yield Fund

LHYAX

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Daily price w/o sales charge as of 12/11/2018

$7.08

$0.01

YTD Returns w/o sales charge as of 12/11/2018

-2.86%

Overall Morningstar Ratings

High Yield Bond

as of 11/30/2018

Morningstar rated the Lord Abbett High Yield Fund class A share 4, 5 and 5 stars among 607, 518 and 333 High Yield Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 11/30/2018, respectively.

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Summary

What is the High Yield Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in high yield corporate bonds.

A HERITAGE OF HIGH YIELD

Brings a 40+ year history of high-yield investing, focused on fundamental, bottom-up credit research.

AN OPPORTUNISTIC APPROACH

Provides the flexibility to adjust to the market environment and take advantage of opportunities across the credit spectrum.

STRONG TRACK RECORD

Has offered a track record of strong performance versus peers in up and down markets, demonstrating the strength of this active approach as a core high-yield holding over a full market cycle.

Yield

Dividend Yield ¹ as of 12/11/2018

w/o sales charge	6.11%
w/ sales charge	5.98%

30-Day Standardized Yield ² as of 11/30/2018

6.09%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Expense Ratioas of 11/30/2018

Fund Basicsas of 10/31/2018

Total Net Assets: $6.70 B
Inception Date: 12/31/1998
Dividend Frequency: Monthly (Daily Accrual)
Number of Holdings: 726
CUSIP: 54400N102
Minimum Initial Investment: $1,500+

Fund Expense Ratio :

0.89%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	-2.37%	-2.03%	6.17%	4.59%	11.56%	6.62%
Lipper Category Avg. High Yield Funds	-0.73%	-0.40%	5.41%	3.21%	9.96%	-
ICE BofAML U.S. High Yield Constrained Index	-0.07%	0.22%	7.12%	4.41%	12.03%	6.63%
w/ sales charge	-4.60%	-4.27%	5.39%	4.11%	11.31%	6.50%

Fund Expense Ratio :

0.89%

Fund Expense Ratio :

0.89%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	1.41%	2.42%	7.76%	6.03%	9.44%	6.88%
Lipper Category Avg. High Yield Funds	1.77%	2.27%	6.41%	4.28%	7.64%	-
ICE BofAML U.S. High Yield Constrained Index	2.52%	2.95%	8.20%	5.55%	9.40%	6.83%
w/ sales charge	-0.91%	0.09%	6.97%	5.55%	9.19%	6.76%

Fund Expense Ratio :

0.89%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance of future results.

Credit Quality Distribution as of 10/31/2018 View Portfolio

Rating	Assets
BBB
BB
B
<B
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Investment Team

Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

17 Years of Industry Experience

Robert A. Lee

Partner & Chief Investment Officer

27 Years of Industry Experience

Christopher Gizzo, CFA

Managing Director & Portfolio Manager

10 Years of Industry Experience

Supported By 64 Investment Professionals with 15 Years Avg. Industry Experience

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Performance

Dividend Yield ¹ as of 12/11/2018

w/o sales charge	6.11%
w/ sales charge	5.98%

30-Day Standardized Yield ² as of 11/30/2018

	Subsidized³	Un-Subsidized⁴
w/o sales charge	6.09%	6.09%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

0.89%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	-2.37%	-2.03%	6.17%	4.59%	11.56%	6.62%
Lipper Category Avg. High Yield Funds	-0.73%	-0.40%	5.41%	3.21%	9.96%	-
ICE BofAML U.S. High Yield Constrained Index	-0.07%	0.22%	7.12%	4.41%	12.03%	6.63%
w/ sales charge	-4.60%	-4.27%	5.39%	4.11%	11.31%	6.50%

Fund Expense Ratio :

0.89%

Fund Expense Ratio :

0.89%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	1.41%	2.42%	7.76%	6.03%	9.44%	6.88%
Lipper Category Avg. High Yield Funds	1.77%	2.27%	6.41%	4.28%	7.64%	-
ICE BofAML U.S. High Yield Constrained Index	2.52%	2.95%	8.20%	5.55%	9.40%	6.83%
w/ sales charge	-0.91%	0.09%	6.97%	5.55%	9.19%	6.76%

Fund Expense Ratio :

0.89%

Returns with sales charges reflect a maximum sales charge of 2.25%.

Year	Fund Returns	ICE BofAML U.S. High Yield Constrained Index

2017	8.50%	7.48%
2016	15.84%	17.49%
2015	-2.26%	-4.61%
2014	3.46%	2.51%
2013	9.69%	7.41%
2012	16.50%	15.55%
2011	3.15%	4.37%
2010	14.31%	15.07%
2009	50.51%	58.10%
2008	-23.42%	-26.11%
2007	2.43%	-
2006	9.94%	-
2005	1.15%	-
2004	10.42%	-
2003	21.59%	-
2002	-0.10%	-
2001	5.36%	-
2000	-3.01%	-
1999	6.57%	-
1998	0.80%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2018	-1.07%	-0.04%	2.54%	-	-2.86%
2017	2.82%	1.98%	2.45%	1.00%	8.50%
2016	2.01%	5.52%	5.46%	2.05%	15.84%
2015	3.05%	0.86%	-4.23%	-1.81%	-2.26%
2014	2.92%	3.38%	-1.83%	-0.95%	3.46%
2013	3.97%	-1.03%	2.51%	3.99%	9.69%
2012	6.63%	0.36%	5.06%	3.61%	16.50%
2011	3.82%	1.07%	-7.02%	5.73%	3.15%
2010	4.93%	-0.92%	6.33%	3.40%	14.31%
2009	5.95%	17.32%	14.23%	6.01%	50.51%
2008	-3.43%	1.99%	-7.81%	-15.68%	-23.42%
2007	2.98%	0.17%	0.48%	-1.17%	2.43%
2006	2.57%	0.01%	2.80%	4.27%	9.94%
2005	-1.74%	1.49%	0.87%	0.56%	1.15%
2004	1.07%	-0.32%	4.34%	5.04%	10.42%
2003	4.06%	8.25%	2.40%	5.41%	21.59%
2002	1.51%	-3.59%	-3.78%	6.10%	-0.10%
2001	5.14%	-1.67%	-3.99%	6.15%	5.36%
2000	-1.66%	0.99%	0.31%	-2.65%	-3.01%
1999	3.43%	-0.11%	-0.81%	3.99%	6.57%
1998	-	-	-	-	0.80%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 11/30/2018

The chart begins on the Fund's inception date of 12/31/1998.

Based on a hypothetical Class A share investment of $10,000 on 12/31/1998 without sales charge and includes the reinvestment of all distributions.

NAV Historical Prices

Date	Net Asset Value

Portfolio

Rating	Assets
High Yield Bonds
Bank Loans
Equity
Investment Grade Bonds
Convertibles
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Rating	Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 10/31/2018

Rating	Assets
BBB
BB
B
<B
Not Rated

Portfolio Positioning as of 9/30/2018

Despite continuing equity market volatility and oscillating Treasury yields during the quarter, high yield bonds posted positive returns, outperforming the higher quality market segment represented by the Bloomberg Barclays U.S. Aggregate Bond Index.
The portfolio is overweight the retail sector, as we believe a strong consumer, low unemployment, high consumer confidence, and an uptick in wage inflation is a tailwind for this sector.
The portfolio is overweight the energy sector. Within this sector, we have a constructive view on oil and gas prices, and our exposure lies mainly in the exploration and production as well as the offshore drilling segment of the market.
We increased the portfolio’s exposure to the health care sector due to improving volumes in the hospitals segment and improved overall sentiment in the industry.
The portfolio’s biggest underweight remains the telecom sector. In addition to secular issues faced by the wireline segment, idiosyncratic issues continue to plague major wireline companies.
As of quarter-end, the portfolio had modest allocations to out-of-index sectors, such as bank loans, convertibles, investment grade bonds, and equities. We believe select exposures to these sectors offer attractive risk-reward opportunities, potential portfolio diversification benefits and avenues for liquidity.

Portfolio Details as of 10/31/2018

Total Net Assets: $6.70 B
Number of Issues: 726
Average Coupon: 6.46%
Average Maturity: 6.69 Years
Average Effective Duration: 4.60 Years

To view definitions for the above Portfolio Details, Click here.

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding	Coupon	Maturity	Assets

HCA, Inc.	5.250%	06/15/2026	0.9%
T-Mobile USA, Inc.	6.500%	01/15/2026	0.8%
CenturyLink, Inc.	7.500%	04/01/2024	0.8%
Freeport-McMoRan, Inc.	3.875%	03/15/2023	0.7%
Sprint Capital Corp.	6.875%	11/15/2028	0.7%
Tenet Healthcare Corp.	5.125%	05/01/2025	0.6%
Bombardier, Inc.	7.500%	03/15/2025	0.6%
Tesla Motors, Inc.	5.300%	08/15/2025	0.6%
Peabody Energy Corp.	6.375%	03/31/2025	0.6%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.750%	02/15/2026	0.5%

% of Total Assets			6.8%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Holding	Coupon	Maturity	Assets

HCA, Inc.	5.250%	06/15/2026	0.9%
T-Mobile USA, Inc.	6.500%	01/15/2026	0.8%
CenturyLink, Inc.	7.500%	04/01/2024	0.8%
Freeport-McMoRan, Inc.	3.875%	03/15/2023	0.7%
Sprint Capital Corp.	6.875%	11/15/2028	0.7%
Tenet Healthcare Corp.	5.125%	05/01/2025	0.6%
Bombardier, Inc.	7.500%	03/15/2025	0.6%
Tesla Motors, Inc.	5.300%	08/15/2025	0.6%
Peabody Energy Corp.	6.375%	03/31/2025	0.6%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.750%	02/15/2026	0.5%
HCA, Inc.	5.500%	06/15/2047	0.5%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.875%	04/01/2024	0.5%
Netflix, Inc.	3.625%	05/15/2027	0.5%
Numericable Group S.A.	7.375%	05/01/2026	0.5%
California Resources Corp.	8.000%	12/15/2022	0.5%
DISH DBS Corp.	7.750%	07/01/2026	0.5%
Ally Financial, Inc.	8.000%	11/01/2031	0.5%
Netflix, Inc.	5.875%	02/15/2025	0.4%
Albertsons Cos LLC / Safeway, Inc. / New Albertson	6.625%	06/15/2024	0.4%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.875%	05/01/2027	0.4%
Navient Corp.	6.750%	06/25/2025	0.4%
Valeant Pharmaceuticals International, Inc.	8.500%	01/31/2027	0.4%
Dell International LLC / EMC Corp	6.020%	06/15/2026	0.4%
Navient Corp.	6.125%	03/25/2024	0.4%
Valeant Pharmaceuticals International, Inc.	5.875%	05/15/2023	0.4%
CSC Holdings LLC	10.875%	10/15/2025	0.4%
WellCare Health Plans, Inc.	5.250%	04/01/2025	0.4%
Cheniere Corpus Christi Holdings LLC	5.125%	06/30/2027	0.4%
MEG Energy Corp.	7.000%	03/31/2024	0.4%
Calpine Corp.	5.750%	01/15/2025	0.4%
Intelsat Jackson Holdings SA	5.500%	08/01/2023	0.4%
Valeant Pharmaceuticals International, Inc.	4.500%	05/15/2023	0.3%
Sirius XM Radio, Inc.	5.000%	08/01/2027	0.3%
Transocean, Inc.	7.500%	01/15/2026	0.3%
CF Industries, Inc.	5.150%	03/15/2034	0.3%
Rockies Express Pipeline LLC	6.875%	04/15/2040	0.3%
UPCB Finance Ltd.	5.375%	01/15/2025	0.3%
RBS Global & Rexnord Corp.	4.875%	12/15/2025	0.3%
Equinix, Inc.	2.875%	02/01/2026	0.3%
Centene Corp.	4.750%	01/15/2025	0.3%
Teva Pharmaceutical Finance Netherlands III BV	3.150%	10/01/2026	0.3%
CSL Capital, LLC	8.250%	10/15/2023	0.3%
Clear Channel Worldwide Holdings, Inc.	6.500%	11/15/2022	0.3%
CSC Holdings LLC	5.500%	04/15/2027	0.3%
Genworth Holdings Inc	4.900%	08/15/2023	0.3%
Diamondback Energy, Inc.	4.750%	11/01/2024	0.3%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o	5.000%	06/01/2024	0.3%
Centene Corp.	5.375%	06/01/2026	0.3%
Match Group, Inc.	5.000%	12/15/2027	0.3%
Cliffs Natural Resources, Inc.	5.750%	03/01/2025	0.3%
Cheniere Corpus Christi Holdings LLC	5.875%	03/31/2025	0.3%
CenturyLink, Inc.	5.625%	04/01/2025	0.3%
Alcoa Nederland Holding BV	6.750%	09/30/2024	0.3%
Precision Drilling Corp.	5.250%	11/15/2024	0.3%
Tapstone Energy LLC / Tapstone Energy Finance Corp	9.750%	06/01/2022	0.3%
Noble Holding International Ltd.	7.875%	02/01/2026	0.3%
Yingde Gases Investment Ltd	6.250%	01/19/2023	0.3%
Alta Mesa Holdings L.P. / Alta Mesa Finance Servic	7.875%	12/15/2024	0.3%
Tenet Healthcare Corp.	6.750%	06/15/2023	0.3%
Cowlitz Tribal Gaming Authority	12.802%	12/04/2020	0.3%
Valeant Pharmaceuticals International, Inc.	5.625%	12/01/2021	0.3%
Community Health Systems, Inc.	8.000%	11/15/2019	0.3%
GCI LLC	6.875%	04/15/2025	0.3%
United Rentals, Inc.	4.875%	01/15/2028	0.3%
Qorvo, Inc.	5.500%	07/15/2026	0.3%
DKT Finance ApS	9.375%	06/17/2023	0.3%
J Crew Group Inc.	5.571%	03/05/2021	0.3%
Rio Oil Finance Trust Series 2018-1	8.200%	04/06/2028	0.3%
Ingevity Corp.	4.500%	02/01/2026	0.3%
Conn's, Inc.	7.250%	07/15/2022	0.3%
Jonah Energy LLC / Jonah Energy Finance Corp	7.250%	10/15/2025	0.3%
MSCI, Inc.	5.750%	08/15/2025	0.3%
Neiman Marcus Group Inc., The	5.531%	10/25/2020	0.3%
Denbury Resources, Inc.	5.500%	05/01/2022	0.2%
NRG Energy, Inc.	5.750%	01/15/2028	0.2%
CONSOL Energy Inc	11.000%	11/15/2025	0.2%
Verscend Escrow Corp	9.750%	08/15/2026	0.2%
Molina Healthcare, Inc.	4.875%	06/15/2025	0.2%
CEC Entertainment, Inc.	8.000%	02/15/2022	0.2%
Ashland, Inc.	6.875%	05/15/2043	0.2%
Chesapeake Energy Corp.	7.000%	10/01/2024	0.2%
Valeant Pharmaceuticals International, Inc.	5.500%	03/01/2023	0.2%
PetSmart, Inc.	5.875%	06/01/2025	0.2%
Citgo Holding, Inc.	10.750%	02/15/2020	0.2%
Mclaren Finance PLC	5.000%	08/01/2022	0.2%
Centennial Resource Production LLC	5.375%	01/15/2026	0.2%
Intelsat Connect Finance SA	9.500%	02/15/2023	0.2%
Weight Watchers International, Inc.	8.625%	12/01/2025	0.2%
Exterran Energy Solutions L.P. / EES Finance Corp.	8.125%	05/01/2025	0.2%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.125%	05/01/2027	0.2%
Under Armour, Inc.	3.250%	06/15/2026	0.2%
Churchill Downs, Inc.	4.750%	01/15/2028	0.2%
Caesars Palace Las Vegas Trust 2017-VICI	4.354%	10/15/2034	0.2%
Tenet Healthcare Corp.	4.625%	07/15/2024	0.2%
Jagged Peak Energy LLC	5.875%	05/01/2026	0.2%
Con-way, Inc.	6.700%	05/01/2034	0.2%
HCA, Inc.	8.360%	04/15/2024	0.2%
Pulte Group, Inc.	5.000%	01/15/2027	0.2%
Pacific Rubiales Energy Corp.	9.700%	06/25/2023	0.2%
Rede D'or Finance Sarl	4.950%	01/17/2028	0.2%
First Data Corp.	5.750%	01/15/2024	0.2%
Cemig Geracao e Transmissao SA	9.250%	12/05/2024	0.2%
IRB Holding Corp	6.750%	02/15/2026	0.2%
99 Cents Only Stores	7.353%	01/13/2022	0.2%
Nationstar Mortgage Holdings, Inc.	9.125%	07/15/2026	0.2%
Hilton Domestic Operating Co, Inc.	5.125%	05/01/2026	0.2%
Sensata Technologies BV	5.625%	11/01/2024	0.2%
PGT Escrow Issuer Inc	6.750%	08/01/2026	0.2%
SRC Energy Inc	6.250%	12/01/2025	0.2%
Turkiye Sise ve Cam Fabrikalari AS	4.250%	05/09/2020	0.2%
Baffinland Iron Mines Corp / Baffinland Iron Mines	8.750%	07/15/2026	0.2%
DTE Energy Co.	0.000%	10/01/2019	0.2%
Marble II Pte Ltd.	5.300%	06/20/2022	0.2%
Mueller Water Products, Inc.	5.500%	06/15/2026	0.2%
Sirius XM Radio, Inc.	5.375%	07/15/2026	0.2%
Orchestra Borrower LLC / Orchestra Co-Issuer Inc	6.750%	06/15/2022	0.2%
Blue Cube Spinco, Inc.	10.000%	10/15/2025	0.2%
Berry Petroleum Co.	7.000%	02/15/2026	0.2%
Ahern Rentals, Inc.	7.375%	05/15/2023	0.2%
Azul Investments LLP	5.875%	10/26/2024	0.2%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di	6.625%	05/15/2022	0.2%
Rowan Companies, Inc.	4.750%	01/15/2024	0.2%
Brand Energy & Infrastructure Services Inc	8.500%	07/15/2025	0.2%
Callon Petroleum Co.	6.125%	10/01/2024	0.2%
MGIC Investment Corp.	5.750%	08/15/2023	0.2%
BankUnited, Inc.	4.875%	11/17/2025	0.2%
Allison Transmission, Inc.	5.000%	10/01/2024	0.2%
NGPL Pipeco LLC	4.875%	08/15/2027	0.2%
Hill-Rom Holdings, Inc.	5.000%	02/15/2025	0.2%
Air Medical Group Holdings, Inc.	6.375%	05/15/2023	0.2%
Rain CII Carbon LLC	7.250%	04/01/2025	0.2%
EP Energy LLC	8.000%	11/29/2024	0.2%
Cogent Communications Group, Inc.	5.375%	03/01/2022	0.2%
Penn National Gaming, Inc.	5.625%	01/15/2027	0.2%
Waste Pro USA Inc	5.500%	02/15/2026	0.2%
Service Corp. International	4.625%	12/15/2027	0.2%
Covanta Holding Corp.	6.000%	01/01/2027	0.2%
Eldorado Resorts, Inc.	6.000%	04/01/2025	0.2%
United Rentals, Inc.	4.625%	10/15/2025	0.2%
Pulte Group, Inc.	5.500%	03/01/2026	0.2%
Enova International, Inc.	8.500%	09/01/2024	0.2%
Norbord, Inc.	6.250%	04/15/2023	0.2%
Caesars Palace Las Vegas Trust 2017-VICI	4.354%	10/15/2034	0.2%
TRI Pointe Homes LLC	5.250%	06/01/2027	0.2%
AMC Networks, Inc.	4.750%	08/01/2025	0.2%
AECOM	5.125%	03/15/2027	0.2%
Jurassic Holdings III, Inc.	6.875%	02/15/2021	0.2%
Hillman Group, Inc.	6.375%	07/15/2022	0.2%
APX Group, Inc.	7.625%	09/01/2023	0.2%
Intelsat Jackson Holdings SA	8.500%	10/15/2024	0.2%
CIT Group, Inc.	6.125%	03/09/2028	0.2%
Curo Group Holdings Corp	8.250%	09/01/2025	0.2%
SPX FLOW, Inc.	5.625%	08/15/2024	0.2%
HCA, Inc.	7.500%	12/15/2023	0.2%
WPX Energy, Inc.	5.250%	09/15/2024	0.2%
Yum! Brands, Inc.	5.350%	11/01/2043	0.2%
Clearway Energy Operating LLC	5.750%	10/15/2025	0.2%
HCA, Inc.	5.250%	04/15/2025	0.2%
Britax Childcare	4.500%	10/15/2020	0.2%
Lamb Weston Holdings, Inc.	4.625%	11/01/2024	0.2%
Century Communities, Inc.	5.875%	07/15/2025	0.2%
CSI Compressco LP / CSI Compressco Finance Inc	7.500%	04/01/2025	0.2%
Ball Corp.	4.875%	03/15/2026	0.2%
NextEra Energy Operating Partners LP	4.500%	09/15/2027	0.2%
Intertape Polymer Group Inc	7.000%	10/15/2026	0.2%
AES Red Oak LLC	9.200%	11/30/2029	0.2%
Autopistas del Sol SA/Costa Rica	7.375%	12/30/2030	0.2%
Louisiana-Pacific Corp.	4.875%	09/15/2024	0.2%
Belo Corp.	7.250%	09/15/2027	0.2%
Chaparral Energy, Inc.	8.750%	07/15/2023	0.2%
Rumo Luxembourg Sarl	7.375%	02/09/2024	0.2%
Cheniere Energy Partners LP	5.625%	10/01/2026	0.2%
AMC Networks, Inc.	5.000%	04/01/2024	0.2%
Williams Scotsman International Inc	7.875%	12/15/2022	0.2%
MEG Energy Corp.	6.500%	01/15/2025	0.2%
Sealed Air Corp.	6.875%	07/15/2033	0.2%
Netflix, Inc.	4.625%	05/15/2029	0.2%
SPCM S.A.	4.875%	09/15/2025	0.2%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o	4.750%	06/01/2027	0.2%
Quicken Loans Inc	5.250%	01/15/2028	0.2%
Gray Television, Inc.	5.875%	07/15/2026	0.2%
Wendy's International, Inc.	7.000%	12/15/2025	0.2%
Barminco Finance Pty Ltd.	6.625%	05/15/2022	0.2%
Texas Capital Bank NA/Dallas TX	5.250%	01/31/2026	0.2%
OCI NV	6.625%	04/15/2023	0.2%
Ingles Markets, Inc.	5.750%	06/15/2023	0.2%
Enterprise Development Authority/The	12.000%	07/15/2024	0.2%
Covey Park Energy LLC / Covey Park Finance Corp	7.500%	05/15/2025	0.2%
Compass Minerals International, Inc.	4.875%	07/15/2024	0.2%
Marriott Ownership Resorts Inc / ILG LLC	6.500%	09/15/2026	0.2%
HLF Financing Sarl LLC / Herbalife International I	7.250%	08/15/2026	0.2%
CNO Financial Group, Inc.	5.250%	05/30/2025	0.2%
Magnolia Oil & Gas Operating LLC / Magnolia Oil &	6.000%	08/01/2026	0.2%
Pactiv Corp.	7.950%	12/15/2025	0.2%
Hunt Oil Co of Peru LLC Sucursal Del Peru	6.375%	06/01/2028	0.2%
Shea Homes LP / Shea Homes Funding Corp.	6.125%	04/01/2025	0.2%
Popular, Inc.	6.125%	09/14/2023	0.2%
DaVita, Inc.	5.125%	07/15/2024	0.2%
Casella Waste Systems, Inc.	0.000%	-	0.2%
Laureate Education, Inc.	8.250%	05/01/2025	0.2%
DaVita, Inc.	5.000%	05/01/2025	0.2%
Aegea Finance Sarl	5.750%	10/10/2024	0.2%
Ladder Capital Finance Holdings LLC/Ladder Capital	5.250%	10/01/2025	0.2%
BWAY Holding Co.	7.250%	04/15/2025	0.2%
Tullow Oil plc	7.000%	03/01/2025	0.2%
Bahia Sul Holdings GmbH	6.000%	01/15/2029	0.2%
Williams Scotsman International Inc	6.875%	08/15/2023	0.2%
Republic of Argentina	5.625%	01/26/2022	0.2%
Twitter, Inc.	0.250%	06/15/2024	0.2%
Provincia de Rio Negro	7.750%	12/07/2025	0.2%
Pharmaceutical Product Development LLC	6.375%	08/01/2023	0.2%
JB Poindexter & Co., Inc.	7.125%	04/15/2026	0.2%
William Lyon Homes, Inc.	6.000%	09/01/2023	0.2%
Apergy Corp	6.375%	05/01/2026	0.2%
Kratos Defense & Security Solutions Inc	6.500%	11/30/2025	0.2%
William Lyon Homes, Inc.	5.875%	01/31/2025	0.2%
ADT Corp.	4.875%	07/15/2032	0.2%
Eterna Capital Pte Ltd	8.000%	12/11/2022	0.2%
Provincia de la Rioja	9.750%	02/24/2025	0.2%
InterXion Holding NV	4.750%	06/15/2025	0.2%
Vistra Operations Co LLC	5.500%	09/01/2026	0.2%
Rumo Luxembourg Sarl	5.875%	01/18/2025	0.2%
Babcock & Wilcox Co.	5.375%	07/15/2026	0.2%
Murphy Oil USA, Inc.	5.625%	05/01/2027	0.2%
FAGE International SA/ FAGE USA Dairy Industry Inc	5.625%	08/15/2026	0.2%
Fair Isaac Corp.	5.250%	05/15/2026	0.2%
Bristow Group, Inc.	8.750%	03/01/2023	0.2%
Promontoria Holding 264 BV	6.750%	08/15/2023	0.2%
Hub International Ltd.	7.000%	05/01/2026	0.2%
Kernel Holding SA	8.750%	01/31/2022	0.1%
Mattel, Inc.	6.750%	12/31/2025	0.1%
Ashton Woods USA LLC / Ashton Woods Finance Co.	6.750%	08/01/2025	0.1%
Jacobs Entertainment, Inc.	7.875%	02/01/2024	0.1%
Pisces Midco Inc	8.000%	04/15/2026	0.1%
Stonegate Pub Company Financing PLC	4.875%	03/15/2022	0.1%
Blitz F18-674 GmbH	6.000%	07/30/2026	0.1%
Everi Payments Inc	7.500%	12/15/2025	0.1%
Cloud Crane LLC	10.125%	08/01/2024	0.1%
EW Scripps Co.	5.125%	05/15/2025	0.1%
Matterhorn Merger Sub LLC / Matterhorn Finance Sub	8.500%	06/01/2026	0.1%
KOC Holding AS	5.250%	03/15/2023	0.1%
Acrisure LLC / Acrisure Finance Inc	7.000%	11/15/2025	0.1%
Salem Communications Corp.	6.750%	06/01/2024	0.1%
Wolverine World Wide, Inc.	5.000%	09/01/2026	0.1%
Ziggo BV	5.500%	01/15/2027	0.1%
Cheniere Energy Partners LP	5.250%	10/01/2025	0.1%
Surgery Center Holdings, Inc.	6.750%	07/01/2025	0.1%
Millicom International Cellular S.A.	6.625%	10/15/2026	0.1%
Meredith Corp.	6.875%	02/01/2026	0.1%
Rayonier AM Products, Inc.	5.500%	06/01/2024	0.1%
Warrior Met Coal Inc	8.000%	11/01/2024	0.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.	5.000%	12/01/2024	0.1%
Mohegan Tribal Gaming Authority	7.875%	10/15/2024	0.1%
Southern Star Central Corp.	5.125%	07/15/2022	0.1%
Indigo Natural Resources LLC	6.875%	02/15/2026	0.1%
Boyne USA Inc	7.250%	05/01/2025	0.1%
WeWork Cos Inc	7.875%	05/01/2025	0.1%
WildHorse Resource Development Corp	6.875%	02/01/2025	0.1%
Targa Resources Partners L.P.	5.875%	04/15/2026	0.1%
VeriSign, Inc.	5.250%	04/01/2025	0.1%
Forum Energy Technologies, Inc.	6.250%	10/01/2021	0.1%
Polaris Intermediate Corp	8.500%	12/01/2022	0.1%
ESH Hospitality, Inc.	5.250%	05/01/2025	0.1%
ACE Cash Express Inc	12.000%	12/15/2022	0.1%
Hema Bondco II BV	8.500%	01/15/2023	0.1%
Aston Martin Capital Holdings Ltd	6.500%	04/15/2022	0.1%
Hulk Finance Corp	7.000%	06/01/2026	0.1%
Forming Machining Indust	6.527%	10/09/2025	0.1%
Range Resources Corp.	4.875%	05/15/2025	0.1%
MPH Acquisition Holdings LLC	7.125%	06/01/2024	0.1%
Versum Materials, Inc.	5.500%	09/30/2024	0.1%
Mercer International, Inc.	5.500%	01/15/2026	0.1%
Del Frisco's Restaurant Grou	8.313%	06/27/2025	0.1%
Tenet Healthcare Corp.	7.000%	08/01/2025	0.1%
BCD Acquisition, Inc.	9.625%	09/15/2023	0.1%
Inter Media and Communication SpA	4.875%	12/31/2022	0.1%
Itron, Inc.	5.000%	01/15/2026	0.1%
TNT Crane and Rigging	6.886%	11/27/2020	0.1%
Rockpoint Gas Storage Canada Ltd	7.000%	03/31/2023	0.1%
Southwestern Energy Co.	7.750%	10/01/2027	0.1%
Garda World Security Corp	8.750%	05/15/2025	0.1%
Buena Vista Gaming Authority	13.000%	04/01/2023	0.1%
Deck Chassis Acquisition, Inc.	10.000%	06/15/2023	0.1%
New Home Co, Inc./The	7.250%	04/01/2022	0.1%
York Risk Services Holding Corp	8.500%	10/01/2022	0.1%
Teleflex, Inc.	4.875%	06/01/2026	0.1%
SM Energy Co.	6.750%	09/15/2026	0.1%
TopBuild Corp.	5.625%	05/01/2026	0.1%
Novelis Corp.	5.875%	09/30/2026	0.1%
Geo Group, Inc.	6.000%	04/15/2026	0.1%
CDW Corp.	5.500%	12/01/2024	0.1%
NSG Holdings LLC / NSG Holdings, Inc.	7.750%	12/15/2025	0.1%
Targa Resources Partners L.P.	5.375%	02/01/2027	0.1%
MHP Lux SA	6.950%	04/03/2026	0.1%
Dutch Lion BV	11.250%	06/15/2020	0.1%
Carrizo Oil & Gas, Inc.	8.250%	07/15/2025	0.1%
Lamb Weston Holdings, Inc.	4.875%	11/01/2026	0.1%
Fogo De Chao Inc	6.648%	04/07/2025	0.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.	5.750%	10/01/2025	0.1%
Western Digital Corp.	4.750%	02/15/2026	0.1%
Gibson Brands, Inc.	8.875%	08/01/2019	0.1%
Mobile Mini, Inc.	5.875%	07/01/2024	0.1%
Hawaiian Airlines Class B Pass Through Certificate	4.950%	01/15/2022	0.1%
Banff Merger Sub Inc	8.375%	09/01/2026	0.1%
H&E Equipment Services, Inc.	5.625%	09/01/2025	0.1%
Trident Merger Sub Inc	6.625%	11/01/2025	0.1%
Permian Resources LLC / AEPB Finance Corp.	13.000%	11/30/2020	0.1%
MasTec, Inc.	4.875%	03/15/2023	0.1%
Turkiye Vakiflar Bankasi Tao	5.750%	01/30/2023	0.1%
WPX Energy, Inc.	5.750%	06/01/2026	0.1%
Denbury Resources, Inc.	4.625%	07/15/2023	0.1%
General Motors Co.	5.000%	10/01/2028	0.1%
Targa Resources Partners L.P.	4.250%	11/15/2023	0.1%
Sanchez Energy Corp.	7.250%	02/15/2023	0.1%
Flex Acquisition Co Inc	7.875%	07/15/2026	0.1%
Buenos Aires, Argentina	7.500%	06/01/2027	0.1%
AES Corp.	4.500%	03/15/2023	0.1%
Chesapeake Energy Corp.	7.500%	10/01/2026	0.1%
Elwood Energy LLC	8.159%	07/05/2026	0.1%
QuickSilver Inc.	8.350%	04/08/2024	0.1%
Hill-Rom Holdings, Inc.	5.750%	09/01/2023	0.1%
B&G Foods, Inc.	5.250%	04/01/2025	0.1%
Central Garden & Pet Co.	5.125%	02/01/2028	0.1%
Fresh Market, Inc.	9.750%	05/01/2023	0.1%
CIBT Solutions, Inc.	9.210%	06/01/2025	0.1%
The Royal Bank of Scotland Group PLC	8.625%	08/15/2166	0.1%
Antero Midstream Partners L.P. / Antero Midstream	5.375%	09/15/2024	0.1%
Extraction Oil & Gas Inc	7.375%	05/15/2024	0.1%
Tallgrass Energy Partners LP / Tallgrass Energy Fi	4.750%	10/01/2023	0.1%
Energizer Gamma Acquisition Inc	6.375%	07/15/2026	0.1%
W&T Offshore, Inc.	9.750%	11/01/2023	0.1%
24 Hour Fitness Worldwide, Inc.	8.000%	06/01/2022	0.1%
Summit Materials LLC	5.125%	06/01/2025	0.1%
Tilray Inc	5.000%	10/01/2023	0.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.	6.250%	11/01/2028	0.1%
Republic of Argentina	6.875%	04/22/2021	0.1%
Steel Dynamics, Inc.	5.000%	12/15/2026	0.1%
Merlin Entertainments PLC	5.750%	06/15/2026	0.1%
Transocean Proteus Ltd.	6.250%	12/01/2024	0.1%
Acadia Healthcare Co., Inc.	5.625%	02/15/2023	0.1%
Rio Energy SA / UGEN SA / UENSA SA	6.875%	02/01/2025	0.1%
Province of Santa Fe	6.900%	11/01/2027	0.1%
Pulte Group, Inc.	6.375%	05/15/2033	0.1%
Banff Merger Sub Inc	9.750%	09/01/2026	0.1%
Discovery Communications, Inc.	0.000%	-	0.1%
Parsley Energy LLC	6.250%	06/01/2024	0.1%
Sirius XM Radio, Inc.	6.000%	07/15/2024	0.1%
Numericable Group S.A.	8.125%	02/01/2027	0.1%
Booz Allen Hamilton, Inc.	5.125%	05/01/2025	0.1%
GOBP Holdings Inc.	9.658%	10/22/2026	0.1%
PPL Energy Supply LLC	4.600%	12/15/2021	0.1%
Commercial Metals Co.	5.375%	07/15/2027	0.1%
Tempo Acquisition LLC / Tempo Acquisition Finance	6.750%	06/01/2025	0.1%
Allegheny Technologies, Inc.	7.875%	08/15/2023	0.1%
Ulta Beauty Inc	0.000%	-	0.1%
Ritchie Bros Auctioneers, Inc.	5.375%	01/15/2025	0.1%
Five Below, Inc.	0.000%	-	0.1%
TPC Group, Inc.	8.750%	12/15/2020	0.1%
AHP Health Partners Inc	9.750%	07/15/2026	0.1%
PF Chang's China Bistro, Inc.	10.250%	06/30/2020	0.1%
AES Corp.	5.125%	09/01/2027	0.1%
WTT Investment Ltd/Hong Kong	5.500%	11/21/2022	0.1%
Novelis Corp.	6.250%	08/15/2024	0.1%
Darling Global Finance BV	3.625%	05/15/2026	0.1%
Hilton Domestic Operating Co, Inc.	4.250%	09/01/2024	0.1%
CenturyLink, Inc.	6.750%	12/01/2023	0.1%
Powerteam Services LLC	9.636%	03/06/2026	0.1%
Denbury Resources, Inc.	9.000%	05/15/2021	0.1%
Tesla Motors, Inc.	1.250%	03/01/2021	0.1%
Holly Energy Partners L.P. / Holly Energy Finance	6.000%	08/01/2024	0.1%
Frontera Generation Hold	6.530%	05/02/2025	0.1%
Eldorado Intl. Finance GmbH	8.625%	06/16/2021	0.1%
SMG US MIDCO	9.302%	01/23/2026	0.1%
Triumph Group, Inc.	5.250%	06/01/2022	0.1%
SM Energy Co.	6.625%	01/15/2027	0.1%
Central American Bottling Corp.	5.750%	01/31/2027	0.1%
Oxbow Carbon LLC	9.802%	12/18/2023	0.1%
Kuehg Corp	10.636%	08/15/2025	0.1%
Cardtronics Inc / Cardtronics USA Inc	5.500%	05/01/2025	0.1%
Dynagas LNG Partners L.P.	6.250%	10/30/2019	0.1%
Cole Haan	6.310%	01/31/2020	0.1%
Yak Access LLC	12.280%	07/10/2026	0.1%
Brink's Co/The	4.625%	10/15/2027	0.1%
Navicure Inc	9.802%	10/31/2025	0.1%
DexCom, Inc.	0.750%	05/15/2022	0.1%
Werner FinCo LP / Werner FinCo Inc	8.750%	07/15/2025	0.1%
Gateway Casinos & Entertainment Ltd	8.250%	03/01/2024	0.1%
TGP Holdings III LLC	10.886%	09/20/2025	0.1%
Great Lakes Dredge & Dock Corp.	8.000%	05/15/2022	0.1%
Banco de Galicia y Buenos Aires	8.250%	07/19/2026	0.1%
Murphy Oil Corp.	6.875%	08/15/2024	0.1%
CVR Partners LP / CVR Nitrogen Finance Corp	9.250%	06/15/2023	0.1%
Golar LNG Partners L.P.	8.571%	05/18/2021	0.1%
Five9, Inc.	0.125%	05/01/2023	0.1%
Trinidad Drilling Ltd.	6.625%	02/15/2025	0.1%
Toll Brothers Finance Corp.	4.875%	03/15/2027	0.1%
Eclipse Resources Corp.	8.875%	07/15/2023	0.1%
Alliant Holdings Intermediate LLC	8.250%	08/01/2023	0.1%
Pyxus International Inc	9.875%	07/15/2021	0.1%
Ecolab, Inc.	0.000%	-	0.1%
Endeavor Energy Resources L.P.	5.500%	01/30/2026	0.1%
EnerSys	5.000%	04/30/2023	0.1%
KGA Escrow LLC	7.500%	08/15/2023	0.1%
Hunt Cos Inc	6.250%	02/15/2026	0.1%
SPX FLOW, Inc.	5.875%	08/15/2026	0.1%
Provincia de Mendoza Argentina	8.375%	05/19/2024	0.1%
Canopy Growth Corp	4.250%	07/15/2023	0.1%
Intercept Pharmaceuticals, Inc.	3.250%	07/01/2023	0.1%
Bill Barrett Corp.	7.000%	10/15/2022	0.1%
Hot Topic, Inc.	9.250%	06/15/2021	0.1%
Monitronics International, Inc.	9.125%	04/01/2020	0.1%
Southern Graphics Inc	9.802%	11/22/2023	0.1%
Delek Logistics Partners LP / Delek Logistics Fina	6.750%	05/15/2025	0.1%
VM Holding SA	5.375%	05/04/2027	0.1%
Taylor Morrison Communities Inc	6.625%	05/15/2022	0.1%
j2 Cloud Services LLC / j2 Global Co-Obligor Inc	6.000%	07/15/2025	0.1%
Geopark Ltd.	6.500%	09/21/2024	0.1%
Longview Power	8.530%	03/25/2021	0.1%
Transocean Phoenix 2 Ltd.	7.750%	10/15/2024	0.1%
Madison Square Garden Co.	0.000%	-	0.1%
Valeant Pharmaceuticals International, Inc.	7.000%	03/15/2024	0.1%
Lennar Corp.	4.500%	04/30/2024	0.1%
W/S Packaging Holdings Inc	9.000%	04/15/2023	0.1%
Wabash National Corp.	5.500%	10/01/2025	0.1%
DPL, Inc.	7.250%	10/15/2021	0.1%
NV5 Global, Inc.	0.000%	-	0.1%
ServiceMaster Co LLC/The	5.125%	11/15/2024	0.1%
Malibu Boats, Inc.	0.000%	-	0.1%
Lamar Media Corp.	5.750%	02/01/2026	0.1%
Stars Group Holdings BV / Stars Group US Co-Borrow	7.000%	07/15/2026	0.1%
Helix Gen Funding, LLC	6.052%	06/03/2024	0.1%
OM Asset Management plc	4.800%	07/27/2026	0.1%
JBS USA LLC/JBS USA Finance, Inc.	5.875%	07/15/2024	0.1%
Unit Corp.	6.625%	05/15/2021	0.1%
Boyd Gaming Corp.	6.000%	08/15/2026	0.1%
Shake Shack, Inc.	0.000%	-	0.1%
Gulfport Energy Corp.	6.375%	05/15/2025	0.1%
Mosaic Co.	0.000%	-	0.1%
Grinding Media, Inc. / MC Grinding Media Canada, I	7.375%	12/15/2023	0.1%
MGM Growth Properties Operating Partnership LP / M	5.625%	05/01/2024	0.1%
FPC Holdings Inc	11.386%	11/19/2022	0.1%
Range Resources Corp.	0.000%	-	0.1%
Rowan Companies, Inc.	7.375%	06/15/2025	0.1%
Ensco plc	4.500%	10/01/2024	0.1%
Navistar International Corp.	6.625%	11/01/2025	0.1%
Mattel, Inc.	5.450%	11/01/2041	0.1%
Community Health Systems, Inc.	5.125%	08/01/2021	0.1%
Amgen, Inc.	0.000%	-	0.1%
Nine Energy Service Inc	8.750%	11/01/2023	0.1%
Informatica Corp.	7.125%	07/15/2023	0.1%
AssuredPartners Inc	7.000%	08/15/2025	0.1%
Petco Animal Supplies, Inc.	5.592%	01/26/2023	0.1%
Brown & Brown, Inc.	0.000%	-	0.1%
Tennant Co.	5.625%	05/01/2025	0.1%
RegionalCare Hospital Partners Holdings Inc	8.250%	05/01/2023	0.1%
Live Nation Entertainment, Inc.	5.625%	03/15/2026	0.1%
Algeco Scotsman Global Finance plc	8.000%	02/15/2023	0.1%
JBS USA LLC/JBS USA Finance, Inc.	6.750%	02/15/2028	0.1%
Guitar Center Escrow Issuer Inc	9.500%	10/15/2021	0.1%
Southwestern Energy Co.	7.500%	04/01/2026	0.1%
Nokia Corp.	4.375%	06/12/2027	0.1%
Brunello Cucinelli SpA	0.000%	-	0.1%
VF Holding Corp	9.552%	07/02/2026	0.1%
Commercial Barge Line	11.052%	11/12/2020	0.1%
Etsy, Inc.	0.000%	03/01/2023	0.1%
Eaglepicher Tech LLC	9.552%	03/09/2026	0.1%
Ascena Retail Group, Inc.	6.813%	08/21/2022	0.1%
Crosby Group (KKR)	5.282%	11/22/2020	0.1%
Hadrian Merger Sub Inc	8.500%	05/01/2026	0.1%
Vistra Energy Corp	0.000%	-	0.1%
Altran Technologies	9.052%	06/26/2026	0.1%
ServiceNow, Inc.	0.000%	06/01/2022	0.1%
Edelman Financial Center	9.186%	07/20/2026	0.1%
Post Holdings, Inc.	5.500%	03/01/2025	0.1%
NVA Holdings Inc/United States	6.875%	04/01/2026	0.1%
Flynn Restaurant Group	9.256%	06/29/2026	0.1%
Sotheby's	4.875%	12/15/2025	0.1%
Asbury Automotive Group, Inc.	6.000%	12/15/2024	0.1%
Plains All American Pipeline L.P.	6.125%	12/31/2099	0.1%
Gopher Sub, Inc.	9.052%	02/02/2026	0.1%
Deckers Outdoor Corp.	0.000%	-	0.1%
Sugarhouse HSP Gaming Prop Mezz LP/Fin Corp.	5.875%	05/15/2025	0.1%
Provident Funding Associates L.P. / PFG Finance Co	6.375%	06/15/2025	0.1%
DIRECT CHASSISLINK INC	8.527%	06/15/2023	0.1%
Optimas OE Solutions Holding LLC / Optimas OE Solu	8.625%	06/01/2021	0.1%
Oceaneering International, Inc.	4.650%	11/15/2024	0.1%
Elanco Animal Health Inc	4.900%	08/28/2028	0.1%
Macquarie Bank Ltd./London	6.125%	03/08/2167	0.1%
AES Corp.	0.000%	-	0.1%
Radiate Holdco LLC / Radiate Finance Inc	6.625%	02/15/2025	0.1%
Stevens Holding Co Inc	6.125%	10/01/2026	0.1%
Centene Corp.	6.125%	02/15/2024	0.1%
Horizon Pharma Inc / Horizon Pharma USA Inc	8.750%	11/01/2024	0.1%
Stoneway Capital Corp	10.000%	03/01/2027	0.1%
Gulfport Energy Corp.	6.375%	01/15/2026	0.1%
Alcoa Nederland Holding BV	6.125%	05/15/2028	0.1%
CMA CGM SA	5.250%	01/15/2025	0.1%
Intelsat SA	4.500%	06/15/2025	0.1%
Targa Resources Corp	0.000%	-	0.1%
Bruin E&P Partners LLC	8.875%	08/01/2023	0.1%
Eldorado Resorts, Inc.	6.000%	09/15/2026	0.1%
Turning Point Brands Inc	0.000%	-	0.1%
MRP Generation Holdings LLC	9.359%	10/18/2022	0.1%
Container Store	0.000%	09/14/2023	0.1%
Willscot Corp	0.000%	-	0.1%
Provincia de Cordoba	7.450%	09/01/2024	0.1%
Boston Beer Co., Inc.	0.000%	-	0.1%
Chobani LLC / Chobani Finance Corp Inc	7.500%	04/15/2025	0.1%
BBA US Holdings Inc	5.375%	05/01/2026	0.1%
Aerovironment, Inc.	0.000%	-	0.1%
Belk, Inc.	5.750%	12/12/2022	0.1%
Excelitas Technologies	9.967%	11/15/2025	0.1%
Molina Healthcare, Inc.	1.125%	01/15/2020	0.1%
Charles River Laboratories International, Inc.	5.500%	04/01/2026	0.1%
Solera Finance, Inc.	10.500%	03/01/2024	0.1%
eDreams ODIGEO SL	5.500%	09/01/2023	0.1%
Enova International, Inc.	8.500%	09/15/2025	0.1%
GCP Applied Technologies, Inc.	5.500%	04/15/2026	0.1%
Swordfish Merger Sub LLC	9.030%	02/02/2026	0.1%
Sandy Creek Energy Associates	5.000%	11/09/2020	0.1%
West Street Merger Sub Inc	6.375%	09/01/2025	0.1%
Dole Food Co., Inc.	7.250%	06/15/2025	0.1%
Prime Security Services Borrower LLC / Prime Finan	9.250%	05/15/2023	0.1%
Colorado Buyer, Inc.	9.530%	05/01/2025	0.1%
Glaukos Corp.	0.000%	-	0.1%
Six Flags Entertainment Corp.	5.500%	04/15/2027	0.1%
SeaWorld Entertainment, Inc.	0.000%	-	0.1%
Performance Food Group, Inc.	5.500%	06/01/2024	0.1%
Newfield Exploration Co.	5.750%	01/30/2022	0.1%
Six Flags Entertainment Corp.	4.875%	07/31/2024	0.1%
Sempra Energy	0.000%	01/15/2021	0.1%
Sprouts Farmers Markets LLC	0.000%	-	0.1%
North American Lifting Holdings, Inc. (aka TNT Crane & Rigging, Inc)	11.386%	11/26/2021	0.1%
Inmarsat Finance plc	6.500%	10/01/2024	0.1%
Imperial Oil Ltd.	0.000%	-	0.1%
Manitowoc Co., Inc.	12.750%	08/15/2021	0.1%
Station Casinos LLC	5.000%	10/01/2025	0.1%
PVH Corp.	3.125%	12/15/2027	0.1%
Terraform Global Operating LLC	6.125%	03/01/2026	0.1%
SM Energy Co.	5.625%	06/01/2025	0.1%
Ensco plc	5.200%	03/15/2025	0.1%
Rackspace Hosting, Inc.	8.625%	11/15/2024	0.1%
Univision Communications, Inc.	5.125%	05/15/2023	0.1%
Cenovus Energy, Inc.	5.400%	06/15/2047	0.1%
WMG Acquisition Corp.	5.000%	08/01/2023	0.1%
Levi Strauss & Co.	3.375%	03/15/2027	0.1%
AMC Entertainment Holdings, Inc.	5.875%	11/15/2026	0.1%
Starfruit Finco BV / Starfruit US Holdco LLC	6.500%	10/01/2026	0.1%
Teva Pharmaceutical Finance Netherlands II BV	1.875%	03/31/2027	0.1%
Moxie Patriot LLC	8.136%	12/19/2020	0.1%
Cheniere Corpus Christi Holdings LLC	7.000%	06/30/2024	0.1%
KeHE Distributors LLC / KeHE Finance Corp.	7.625%	08/15/2021	0.1%
Star West Generation	7.060%	03/13/2020	0.1%
LBC Tank Terminals Holding Netherlands BV	6.875%	05/15/2023	0.1%
Claire's Stores, Inc.	0.000%	03/15/2019	0.1%
Revlon, Inc. Class A	5.571%	09/07/2023	0.1%
Eletson Holdings Inc / Eletson Finance US LLC / Ag	9.625%	01/15/2022	0.1%
Level 3 Financing, Inc.	5.250%	03/15/2026	0.1%
Wyndham Worldwide Corp.	6.350%	10/01/2025	0.1%
Kenan Advantage Group, Inc.	7.875%	07/31/2023	0.1%
Joseph T Ryerson & Son, Inc.	11.000%	05/15/2022	0.1%
EP Energy LLC	8.000%	02/15/2025	0.1%
JMC Steel Group	9.875%	06/15/2023	0.1%
Freedom Mortgage Corp	8.250%	04/15/2025	0.1%
Lennar Corp.	4.750%	05/30/2025	0.1%
Imperial Metals Corp.	7.000%	03/15/2019	0.1%
Panda Power Funds	8.136%	12/19/2020	0.1%
Bhn Merger Sub Inc.	9.375%	06/15/2026	0.1%
Forterra, Inc.	5.302%	10/25/2023	0.1%
Toll Brothers Finance Corp.	4.350%	02/15/2028	0.1%
Cargurus Inc	0.000%	-	0.1%
Griffon Corp.	5.250%	03/01/2022	0.1%
Delhi International Airport Pvt Ltd	6.125%	10/31/2026	0.1%
Steel Dynamics, Inc.	4.125%	09/15/2025	0.1%
Paprec Holding SA	4.000%	03/31/2025	0.1%
JD Power & Associates	9.500%	06/09/2024	0.1%
Stena AB	7.000%	02/01/2024	0.1%
Pioneer Energy Services Corp.	6.125%	03/15/2022	0.1%
TreeHouse Foods, Inc.	6.000%	02/15/2024	0.1%
Ensco plc	7.750%	02/01/2026	0.1%
Air Canada 2015-2 Class B Pass Through Trust	5.000%	12/15/2023	0.1%
Medplast Holdings Inc	10.148%	06/22/2026	0.1%
Academy, LTD.	6.259%	07/02/2022	0.1%
Clearway Energy Operating LLC	5.000%	09/15/2026	0.1%
Gray Television, Inc.	5.125%	10/15/2024	0.1%
AMC Entertainment Holdings, Inc.	6.125%	05/15/2027	0.1%
Mexichem SAB de CV	5.875%	09/17/2044	0.1%
Freedom Mortgage Corp	8.125%	11/15/2024	0.1%
Precision Drilling Corp.	7.750%	12/15/2023	0.1%
UTEX Industries	9.552%	05/22/2022	0.1%
HCA, Inc.	5.875%	03/15/2022	0.1%
Navient Corp.	6.625%	07/26/2021	0.1%
Bulldog Purchaser Inc	10.052%	09/04/2026	0.1%
Noble Holding International Ltd.	6.200%	08/01/2040	0.1%
Gibson Brands, Inc	11.773%	05/01/2019	0.1%
Men's Wearhouse, Inc.	7.000%	07/01/2022	0.1%
Navient Corp.	5.875%	03/25/2021	0.1%
UC Holdings	0.000%	-	0.1%
Cenovus Energy, Inc.	4.450%	09/15/2042	0.1%
HCA, Inc.	7.690%	06/15/2025	0.1%
High Ridge Brands Co.	8.875%	03/15/2025	0.1%
CIT Group, Inc.	5.250%	03/07/2025	0.1%
Transocean Pontus Ltd	6.125%	08/01/2025	0.1%
Oceaneering International, Inc.	6.000%	02/01/2028	0.1%
Wyndham Worldwide Corp.	5.750%	04/01/2027	0.1%
Teleflex, Inc.	4.625%	11/15/2027	0.1%
PDC Energy, Inc.	6.125%	09/15/2024	0.1%
Covanta Holding Corp.	5.875%	03/01/2024	0.1%
Ensco plc	5.750%	10/01/2044	0.1%
Simmons Foods, Inc.	7.750%	01/15/2024	0.1%
William Lyon Homes, Inc.	7.000%	08/15/2022	0.1%
Univision Communications, Inc.	5.125%	02/15/2025	0.1%
Panda Temple Power, LLC	9.800%	02/07/2023	0.1%
Monro Muffler Brake, Inc.	0.000%	-	0.1%
Boise Cascade Co.	5.625%	09/01/2024	0.1%
Arcos Dorados Holdings, Inc.	5.875%	04/04/2027	0.1%
HCA, Inc.	5.375%	02/01/2025	0.1%
Bill Barrett Corp.	8.750%	06/15/2025	0.1%
CF Industries, Inc.	4.950%	06/01/2043	0.1%
California Resources Crp	7.037%	11/17/2022	0.0%
Chaparral Energy, Inc.	0.000%	-	0.0%
HCA, Inc.	5.875%	02/15/2026	0.0%
Manchester United Plc	0.000%	-	0.0%
GMR Hyderabad International Airport Ltd	4.250%	10/27/2027	0.0%
CSI Compressco LP / CSI Compressco Finance Inc	7.250%	08/15/2022	0.0%
Claire's Stores, Inc.	0.000%	-	0.0%
MSCI, Inc.	5.375%	05/15/2027	0.0%
Piaggio & C SpA	3.625%	04/30/2025	0.0%
CIT Group, Inc.	6.000%	04/01/2036	0.0%
Lennar Corp.	4.750%	11/29/2027	0.0%
Bulldog Purchaser Inc.	3.875%	08/21/2026	0.0%
Intelsat Jackson Hldg	6.625%	01/02/2024	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
Cumberland Farms Inc	6.750%	05/01/2025	0.0%
Grupo Cementos de Chihuahua SAB de CV	5.250%	06/23/2024	0.0%
Clearway Energy Operating LLC	5.375%	08/15/2024	0.0%
Acadia Healthcare Co., Inc.	6.500%	03/01/2024	0.0%
Mexichem SAB de CV	5.500%	01/15/2048	0.0%
Balchem Corp.	0.000%	-	0.0%
General Motors Financial Co., Inc.	3.850%	01/05/2028	0.0%
Universal Health Services, Inc.	5.000%	06/01/2026	0.0%
Covanta Holding Corp.	5.875%	07/01/2025	0.0%
Remington Outdoor Co. Inc.	0.000%	-	0.0%
Chaparral Energy, Inc.	0.000%	-	0.0%
Templar Energy LLC	0.000%	-	0.0%
Netflix, Inc.	4.875%	04/15/2028	0.0%
FX USD/EUR 11/18	0.000%	11/16/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FGI Operating Company, LLC	0.000%	05/15/2022	0.0%
FX USD/GBP 12/18	0.000%	12/05/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2020	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
Tonon Luxembourg S.A.	10.500%	05/14/2024	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
Credit Index Swap	5.000%	12/20/2023	0.0%
Templar Energy LLC	0.000%	-	0.0%
Fairway Group Holdings Corp.	0.000%	11/24/2023	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
Fairway Group Holdings Corp.	0.000%	02/24/2024	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
Morgan Stanley Capital I Trust	5.510%	07/15/2056	0.0%
FX USD/GBP 12/18	0.000%	12/05/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FX USD/CAD 12/18	0.000%	12/06/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
FX USD/EUR 11/18	0.000%	11/16/2018	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
Rack Holdings	9.540%	10/03/2022	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
Penson Technologies LLC	0.000%	-	0.0%
FX USD/CAD 12/18	0.000%	12/06/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Afren plc	6.625%	12/09/2020	0.0%
Afren plc	11.500%	02/01/2016	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Afren plc	10.250%	04/08/2019	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
FX USD/CAD 12/18	0.000%	12/06/2018	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
US LONG BOND(CBT) DEC18	0.000%	12/31/2018	0.0%
US 10YR NOTE (CBT)DEC18	0.000%	12/31/2018	0.0%
US 5YR NOTE (CBT) DEC18	0.000%	01/04/2019	0.0%
US ULTRA BOND CBT DEC18	0.000%	12/31/2018	0.0%
Mirabela Nickel Ltd.	1.000%	09/16/2044	0.0%
Washington Mutual, Inc.	6.875%	06/15/2011	0.0%
General Motors Co.	7.200%	01/15/2049	0.0%
Momentive Performance Escrow	0.000%	12/31/2049	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
FX GBP/USD 12/18	0.000%	12/05/2018	0.0%
EURO-BOBL FUT DEC18	0.000%	12/10/2018	0.0%
Regionalcare Hospital Partners Holdings, Inc.	0.000%	10/30/2019	0.0%
EURO-BUND FUTURE DEC18	0.000%	12/10/2018	0.0%
Energizer Holdings Inc	0.000%	05/18/2019	0.0%
Remington Outdoor Co. Inc.	0.000%	-	0.0%
Fairway Group Acquisition Company	0.000%	-	0.0%
US 2YR NOTE (CBT) DEC18	0.000%	01/04/2019	0.0%
FX GBP/USD 12/18	0.000%	12/05/2018	0.0%
FX EUR/USD 12/18	0.000%	12/07/2018	0.0%
FX CAD/USD 12/18	0.000%	12/06/2018	0.0%
FX EUR/USD 11/18	0.000%	11/16/2018	0.0%
FX EUR/USD 11/18	0.000%	11/16/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FX EUR/USD 11/18	0.000%	11/16/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FX EUR/USD 12/18	0.000%	12/07/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
J.P.Morgan Securities LLC	0.010%	-	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%

Sector Allocationas of 10/31/2018

Sector	Weighting	Fund Change from Previous Quarter

Sector	Weighting	Fund Change from Previous Quarter
Retail		0.3%
Insurance		0.2%
Leisure		0.6%
Automotive		0.3%
Banking		0.3%
Capital Goods		0.1%
Real Estate		0.3%
Financial Services		0.3%
Technology & Electronics		1.2%
Media		0.9%
Telecommunications		0.8%
Services		0.3%
Utility		0.7%
Consumer Goods		0.2%
Other		0.0%
Healthcare		0.1%
Transportation		0.3%
Basic Industry		0.9%
Energy		0.5%

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 12/11/2018: $0.395
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	11/30/2018	$0.03605	$7.13
Daily	Daily	10/31/2018	$0.03614	$7.26
Daily	Daily	09/30/2018	$0.03506	$7.48
Daily	Daily	08/31/2018	$0.03680	$7.48
Daily	Daily	07/31/2018	$0.03570	$7.43
Daily	Daily	06/30/2018	$0.03548	$7.40
Daily	Daily	05/31/2018	$0.03597	$7.43
Daily	Daily	04/30/2018	$0.03559	$7.48
Daily	Daily	03/31/2018	$0.03668	$7.51
Daily	Daily	02/28/2018	$0.03558	$7.59
Daily	Daily	01/31/2018	$0.03613	$7.71

Upcoming Dividend Payment Dates

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	12/31/2018

Capital Gains Distributions

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Click Here To View Estimated Capital Gain Distributions

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
12/18/2014	12/19/2014	$0.0899	$0.0792	$0.1691	$7.44

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.

Upcoming Capital Gain Distribution

Record Date	Ex-Dividend Date
12/17/2018	12/18/2018

Fees & Expenses

Sales Charge Schedule as of 12/11/2018

	Sales Charge	Dealer's Concession	Prices at Breakpoint
Less than $100,000	2.25%	2.00%	$7.24
$100,000 to $249,999	1.75%	1.50%	$7.21
$250,000 to $499,999	1.25%	1.00%	$7.17
$500,000 to $999,999	0.00%	1.00%	$7.08
$1,000,000 to $5,000,000	0.00%	1.00%	$7.08

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers Click here.

Expense Ratioas of 11/30/2018

Fund Documents

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	Summary Prospectus Publish Date:11/03/2015
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	Annual Report Publish Date:11/03/2015
	Semi-Annual Report Publish Date:11/03/2015
	Fact Sheet Publish Date:11/03/2015
	Commentary Publish Date:11/03/2015
	Flyer Publish Date:11/03/2015
	Flyer Publish Date:11/03/2015
	Capital Markets Presentation Publish Date:11/03/2015

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

IMPORTANT INFORMATION

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The Fund invests primarily in high-yield, lower-rated securities, sometimes called junk bonds. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance.

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

Class A Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

Returns shown at less than a year reflect aggregate total returns.

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.

The ICE BofA Merrill Lynch U.S. High Yield Constrained Index is a capitalization-weighted index of all US dollar denominated below investment grade corporate debt publicly issued in the US domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million. The index caps individual issuer at 2%. Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. The face values of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis. In the event there are fewer than 50 issuers in the Index, each is equally weighted and the face values of their respective bonds are increased or decreased on a pro-rata basis.

Source: ICE Data Indices, LLC.

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE ICE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD ABBETT, OR ANY OF ITS PRODUCTS OR SERVICES.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

The Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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Summary

Summary

What is the High Yield Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in high yield corporate bonds.

A HERITAGE OF HIGH YIELD

AN OPPORTUNISTIC APPROACH

STRONG TRACK RECORD

Yield

Dividend Yield 1 as of 12/11/2018

30-Day Standardized Yield 2 as of 11/30/2018

Expense Ratioas of 11/30/2018

Fund Basicsas of 10/31/2018

Fund Expense Ratio :

0.89%

Fund Expense Ratio :

0.89%

Fund Expense Ratio :

0.89%

Fund Expense Ratio :

0.89%

RELATED CONTENT

Credit Quality Distribution as of 10/31/2018 View Portfolio

Investment Team

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Performance

Performance

Dividend Yield 1 as of 12/11/2018

30-Day Standardized Yield 2 as of 11/30/2018

Fund Expense Ratio :

0.89%

Fund Expense Ratio :

0.89%

Fund Expense Ratio :

0.89%

Fund Expense Ratio :

0.89%

Growth of $10,000 as of 11/30/2018

NAV Historical Prices

Portfolio

Portfolio

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Using Your Email Address.

Dividend Yield ¹ as of 12/11/2018

30-Day Standardized Yield ² as of 11/30/2018

Dividend Yield ¹ as of 12/11/2018

30-Day Standardized Yield ² as of 11/30/2018